ADYORO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ADYORO
Largest movements
- Cash -€198,532
down €198,532 (-54.8%), from €362,591 to €164,059
mainly Net result for the year (-€137,363) and Tax, wage and social debts (-€42,929)
- Receivables within one year +€36,578
up €36,578 (+81.2%), from €45,028 to €81,606
of which Trade receivables: +€35,679
- Stocks and contracts -€21,933
no longer reported in 2025 (was €21,933)
- Tangible fixed assets -€5,361
no longer reported in 2025 (was €5,361)
of which Furniture and vehicles: -€3,032
- Profit (loss) carried forward -€137,363
new in 2025: -€137,363
- Tax, wage and social debts -€42,929
down €42,929 (-52.6%), from €81,570 to €38,641
of which Remuneration and social security: -€27,265
- Other debts -€9,276
down €9,276 (-91.1%), from €10,181 to €905
- Gross operating margin -€323,635
down €323,635 (-56.8%), from €569,961 to €246,326
- Staff costs -€177,439
down €177,439 (-32.5%), from €545,134 to €367,696
- Taxes -€5,988
down €5,988 (-97.3%), from €6,155 to €168
- Other operating charges +€5,745
up €5,745 (+211.6%), from €2,716 to €8,461
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,806 | €251,073 | -€189,733 | -43.0% |
| Fixed assets | 21/28 | €5,361 | - | -€5,361 | |
| Tangible fixed assets | 22/27 | €5,361 | - | -€5,361 | |
| Plant, machinery and equipment | 23 | €2,329 | - | -€2,329 | |
| Furniture and vehicles | 24 | €3,032 | - | -€3,032 | |
| Current assets | 29/58 | €435,445 | €251,073 | -€184,372 | -42.3% |
| Stocks and contracts in progress | 3 | €21,933 | - | -€21,933 | |
| Stocks | 30/36 | €21,933 | - | -€21,933 | |
| Amounts receivable within one year | 40/41 | €45,028 | €81,606 | +€36,578 | +81.2% |
| Trade receivables | 40 | €3,359 | €39,038 | +€35,679 | +1062.1% |
| Other amounts receivable | 41 | €41,668 | €42,568 | +€900 | +2.2% |
| Cash at bank and in hand | 54/58 | €362,591 | €164,059 | -€198,532 | -54.8% |
| Deferred charges and accrued income | 490/1 | €5,893 | €5,408 | -€486 | -8.2% |
| Total equity and liabilities | 10/49 | €440,806 | €251,073 | -€189,733 | -43.0% |
| Equity | 10/15 | €176,168 | €38,805 | -€137,363 | -78.0% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €145,168 | €145,168 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €142,068 | €142,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€137,363 | -€137,363 | |
| Amounts payable | 17/49 | €264,638 | €212,267 | -€52,370 | -19.8% |
| Amounts payable within one year | 42/48 | €264,638 | €212,267 | -€52,370 | -19.8% |
| Financial debts | 43 | €16,807 | €16,807 | = | 0.0% |
| Credit institutions | 430/8 | €16,807 | €16,807 | = | 0.0% |
| Trade debts | 44 | €156,080 | €155,914 | -€165 | -0.1% |
| Suppliers | 440/4 | €156,080 | €155,914 | -€165 | -0.1% |
| Taxes, remuneration and social security | 45 | €81,570 | €38,641 | -€42,929 | -52.6% |
| Taxes | 450/3 | €21,936 | €6,272 | -€15,664 | -71.4% |
| Remuneration and social security | 454/9 | €59,635 | €32,370 | -€27,265 | -45.7% |
| Other amounts payable | 47/48 | €10,181 | €905 | -€9,276 | -91.1% |
| Remuneration, social security and pensions | 62 | €545,134 | €367,696 | -€177,439 | -32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,738 | - | -€2,738 | |
| Other operating charges | 640/8 | €2,716 | €8,461 | +€5,745 | +211.6% |
| Gross operating margin | 9900 | €569,961 | €246,326 | -€323,635 | -56.8% |
| Operating profit (loss) | 9901 | €19,374 | -€129,830 | -€149,204 | |
| Financial income | 75/76B | €173 | €1,910 | +€1,737 | +1001.8% |
| Recurring financial income | 75 | €173 | €1,910 | +€1,737 | +1001.8% |
| Financial charges | 65/66B | €5,008 | €9,276 | +€4,267 | +85.2% |
| Recurring financial charges | 65 | €5,008 | €9,276 | +€4,267 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €14,539 | -€137,195 | -€151,734 | |
| Income taxes | 67/77 | €6,155 | €168 | -€5,988 | -97.3% |
| Profit (loss) for the period | 9904 | €8,384 | -€137,363 | -€145,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,384 | -€137,363 | -€145,746 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.